Parliamentary acclaim tax-exempt investors, despite the loss of hundreds of billions
2013-07-07
BAGHDAD / JD / .. Praised the economic and investment commission in the House of Representatives to exempt investors from taxes despite the loss of hundreds of billions, saying it is a step in order to encourage investment in the country.
said a member of the Committee on the economy MP Amer Hussein Jassim told / JD / Sunday: that the Commission will submit a draft exemption Iraqi companies and foreign implementing investment projects from taxes and fees for the second reading in order to ratify it, and so for the advancement of reconstruction and investment in Iraq
and explained Hussein that the exemption will include future projects of taxes, duties and customs for the materials used for the purpose of completing the project.
discretion of imports in the budget in 2013, the form of oil 93% which, while estimated income tax of foreign oil companies 0.25.
came in budget year 2013 obtained by the agency / JD / that 93 percent of Iraq's revenues come from oil, while the rest of them, it depends of taxes.
following Iraq's imports figures.
tax Max 0.29
taxes and other charges
service fees 0.14 2.19
transferred from corporate bodies and state-owned public
interest income 0.04 2.36
Income tax staff
corporate income tax 0.27 0.25
and foreign oil, the Economic Committee had raised within observations on the federal budget, the question about taxes on oil companies.
said committee member Rep. Nora Bijari in an earlier statement / for JD /: Why remained the tax rate fixed on the oil companies in the budget, despite an increase in production.
explained on the agenda income estimates in the budget, according to sources of the year 2013 compared to the year 2012, indicated in paragraph 6 and special income tax of foreign oil companies that have been obtaining the $ 300 billion dinars from companies this year, and will be obtaining the same number in the next year, while the contracts to develop the fields provided to start increases production volume and with a market share companies, this means a further increase in the size of the tax, but the percentage remained unchanged. / End / Mona Fatlawi
said a member of the Committee on the economy MP Amer Hussein Jassim told / JD / Sunday: that the Commission will submit a draft exemption Iraqi companies and foreign implementing investment projects from taxes and fees for the second reading in order to ratify it, and so for the advancement of reconstruction and investment in Iraq
and explained Hussein that the exemption will include future projects of taxes, duties and customs for the materials used for the purpose of completing the project.
discretion of imports in the budget in 2013, the form of oil 93% which, while estimated income tax of foreign oil companies 0.25.
came in budget year 2013 obtained by the agency / JD / that 93 percent of Iraq's revenues come from oil, while the rest of them, it depends of taxes.
following Iraq's imports figures.
tax Max 0.29
taxes and other charges
service fees 0.14 2.19
transferred from corporate bodies and state-owned public
interest income 0.04 2.36
Income tax staff
corporate income tax 0.27 0.25
and foreign oil, the Economic Committee had raised within observations on the federal budget, the question about taxes on oil companies.
said committee member Rep. Nora Bijari in an earlier statement / for JD /: Why remained the tax rate fixed on the oil companies in the budget, despite an increase in production.
explained on the agenda income estimates in the budget, according to sources of the year 2013 compared to the year 2012, indicated in paragraph 6 and special income tax of foreign oil companies that have been obtaining the $ 300 billion dinars from companies this year, and will be obtaining the same number in the next year, while the contracts to develop the fields provided to start increases production volume and with a market share companies, this means a further increase in the size of the tax, but the percentage remained unchanged. / End / Mona Fatlawi
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